CLOSING_FHA_VABorrowerCertificationSalesPriceExceedsAppraisedValueTypeEnumerated
Title
CLOSING_FHA_VABorrowerCertificationSalesPriceExceedsAppraisedValueTypeEnumerated

Description
No Documentation Available

Used By
\LOAN\_APPLICATION\BORROWER\FHA_VA_BORROWER\_CertificationSalesPriceExceedsAppraisedValueType ( _CertificationSalesPriceExceedsAppraisedValueType )

Codes
Value Description
AI was aware of this valuation when I signed my contract and I have paid or will pay in cash from my own resources at or prior to loan closing a sum equal to the difference, between the contract purchase price or cost and the VA or HUD FHA established value. I do not and will not have outstanding after loan closing any unpaid contractual obligation on account of such cash payment.
BI was not aware of this valuation when I signed my contract but have elected to complete the transaction at the contract purchase price or cost. I have paid or will pay in cash from my own resources at or prior to loan closing a sum equal to the difference between the contract purchase price or cost and the VA or HUD FHA established value. I do not and will not have outstanding after loan closing any unpaid contractual obligation on account of such cash payment.